Loan package for financing of Garadagh solar power plant announced in Azerbaijan

The loan package for the construction of a solar power plant with capacity of 230 MW near Alat settlement in Azerbaijan will amount to $114.2 million to be given to Masdar Azerbaijan Energy

Agreement on construction of Garadagh solar power plant signed

Iran's statement on U.S. oil sanctions

Iran has announced that it will respond decisively and quickly to new US sanctions targeting Iranian oil and will take all necessary measures to eliminate the possible consequences of sanctions on the country's economy and trade.

Oil keeps on falling in price after a sharp drop the day before, Brent is at $99.28 a barrel

Prices for oil of benchmark grades continue to fall in Tuesday’s trading after sharp decline following the previous trading.

Lukoil’s shares have grown in price

The cost of Lukoil’s shares during trading on the Moscow Stock Exchange on Monday increased by 3.95% against the background of the publication of financial statements for the 1st half of 2022 and reached 4,030 rubles per share, according to trading data.

Oil gets cheaper, and Brent is at $102.91 a barrel

Prices for oil of benchmark grades are falling in Monday’s trading.

Oil prices move in different directions, and Brent is at $106.90 a barrel

Prices for oil of benchmark grades change in different ways in Friday’s trading

Shell increases net profit for Q2

Shell has reported record net profit for two consecutive quarters due to rising fuel prices.

Iran earned $4 bn on gas exports for 4 months

For 4 months of 2022, Iran's income from gas exports amounted to about $4 bn, ABC.AZ reports, quoting Iranian Oil Minister Javad Ovji.

Oil grows in price, and Brent is at $107.20 a barrel

Prices for oil of benchmark grades are increasing in Thursday’s trading after a steady rise the day before amid the data on decline in energy stocks in the U.S.

Azerbaijan Rigs unveils net profit for 2021

A joint company of SOCAR and the State Oil Fund (SOFAZ) - Azerbaijan Rigs LLC received net profit of AZN 30 million in 2021

Saudi Arabia may record an increase in oil sales

Saudi Arabia may record a record increase in oil supplies to Asia. But traders argue that such growth carries risks.

Oil gets more expensive, and Brent is at $104.49 a barrel

Prices for oil of benchmark grades are increasing in Wednesday’s trading.

Gas price in Europe on stock exchange exceeds $2,000 per 1,000 cu m

The price of gas in Europe during trading on the stock exchange on Tuesday rose above $2,000 per 1,000 cu m for the first time since the beginning of March against the background of the situation around the Nord Stream.

New BP Vice President for Azerbaijan appointed

BP's Vice President for Financial Affairs in Azerbaijan, Georgia & Turkey has been replaced.

Oil rises in value, and Brent is at $106.44 a barrel

Prices for oil of benchmark grades are increasing in Tuesday's trading.

Are gas supplies from Azerbaijan to Turkey being stopped?

In August, Azerbaijani gas supplies via the South Caucasus pipeline (Baku-Tbilisi-Erzurum) to Turkey will be temporarily suspended due to the maintenance of the pipeline.

Oil grows in cost, and Brent is at $102.32 a barrel

Prices for oil of benchmark grades are declining in Monday’s trading.

Commission on Renewable Energy Sources expanded

President Ilham Aliyev has amended the December 5, 2019 Decree on the measures on pilot projects in the field of renewable energy sources.

Last month, producer price index for oil & gas industry made up 107.5%

This June, compared with May, the producer price index for oil & gas industry products reached 107.5%.

Oil gets more expensive, and Brent is at $104.87 a barrel

Prices for oil of benchmark grades are rising in Friday’s trading after falling at the end of the previous session